The glob trotting politicians need to learn a lesson or two from Harry S. Truman the 33rd president of the United States who implemented the Marshall Plan to rebuild the Western European economy, and established the Truman Doctrine and NATO. He said “Tact is the ability to step on a man’s toes without messing up […]
CPEC’s Narrative conundrum
Public discourse is manoeuvred by the powerful interest groups in the nation states therefore lobbyists find themselves in a heaven erecting their own narratives. The Public opinion is a construction: of media and of everyday discourse influenced by media and the governments .It is therefore acknowledged and treated as though it were an objective reality […]
Misplaced priorities: debt servicing through privatisation
Pakistan’s debt problem is no less than Armageddon for the economy, as successive governments’ calamitous policies has indebted the country for generations to come, making it a nearly unsustainable situation for the country. Faced with a multi-faceted crisis and dearth of domestic resources in the form of tax revenues- which continues to be an issue, […]
Should Pakistan worry as global recession fear spreads?
The global economy would expand by 2.9% in 2019, the weakest annual growth rate in a decade. Output could remain low in 2020, at 3%, or fall further if the trade war worsens, Organisation for Economic Cooperation and Development predicted. The new data shows the worst projected figures since the financial crisis as the chairman […]
Is Pakistan ready to understand the complexity and magnitude of Facebook’s Libra cryptocurrency
The State Bank of Pakistan may have announced earlier this year that it is working on a concept of issuing digital currency by year 2025 to promote financial inclusion and reduce inefficiency and corruption. The institutions in Pakistan may have been working at a snail’s pace to achieve the vision of digitisation and wait to […]
Policy rate change on the cards
The Pakistan Tehreek-e-Insaf (PTI) government was elected to office on the promise of creating ease of doing business, envisaging reduction of bureaucratic morass, lower utility rates for the business to propel their capacity in the economy, but it all became redundant when the State Bank of Pakistan (SBP) Governor Reza Baqir raised the interest rates […]
Pakistan’s regional trade dilemma
The country’s trade deficit plummeted by nearly 38 percent in the first two months of current fiscal year, driven majorly by a decline in the imports of non-essential luxury items amid exorbitant import duties. The macroeconomic indicators may have been an encouraging factor for economic pundits, however, the country is missing upon major trade potential […]
Bull-run continues as PSX index gains 591 points
Stock Market continued to rally north bound on the second trading day amid strong market sentiment. The KSE-100 index spiraled upwards by 591.78 points to close at 31,546.61, underpinned by positive expectations from the upcoming Financial Action Task Force plenary meeting, investors’ positive outlook of policy rate cut in the upcoming monetary policy and formation […]
Elections in Modi’s India
Twenty years ago, addressing a Pakistani audience in Lahore, then Indian prime minister Atal Behari Vajpayee showed none of his BJP successor’s eagerness for war. “Hum jang na honay dayenge” (we will not permit war) was then the popular refrain. The audience were spellbound and nobody complained about his long extempore speech. Today, Narendra Modi […]
Ransom Note to the Government
Public opinion is a construction: of media, of the governments and of everyday discourse influenced by media and the governments .It is therefore acknowledged and treated as though it were an objective reality to be discovered by taking account of assumed beliefs and expressed beliefs about public policy. Lest, the truth shall eventually prevail but […]